Greens vow to push for ‘tycoon tax’ if the next federal election results in a hung parliament

Party leader Adam Bandt says people want Clive Palmer to send fewer texts and pay more tax'

The Greens have vowed to push Labor to adopt a new 40% tax on the super profits" of big corporations if the forthcoming federal election results in a hung parliament.

The party's so-called tycoon tax" would target mining companies and other big corporations and would raise $338bn in revenue over a decade, according to costings by the Parliamentary Budget Office (PBO) to be released on Monday.